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a few things that were on our list that we just had to get done. the tax code had to work, education had to work. you had to have regulatory system that worked. you had to be fast on the dime in working with the private sector because they could take their investment and go elsewhere real fast. so we had our own little strategy. and i would guess that you sitting down, what is the strategy for hawaii? what is it that you must get ght to survive in the 21st century? and that then define what is you need to do even if you find yourself in the minority position. >> did i hear you correctly are you the only republican in the tate senate? >> i'm actually in the house. but there is one senator out of 25 in the senate and there are 7 out of 51 in the house. so we are eight out of 76. >> we're trying to change your dynamic. >> well, the united states capitol there's a saying in the house that the other political party is the opposition. but the enemy, the enemy is the senate. so i guess we temporarily lumped you in with the enemy. so we're sorry about that. it sounds like your side emphasizes qu
financial institutions be willing to take on failing institutions when they might be taxed with the result? so, that's one issue of policy that we have to look at carefully. the committee was also concerned about one other thing that, which is really to me, in particular, and to other members of the committee, particularly troubling. and that is, that the, the charges that were placed against jpmorgan came after the chairman of the bank started to take on the government's policy in a number of areas. he was critical, i'm talking here of jamie dimon. he was critical of the, of the dodd-frank act and was critical of many other regulatory policies of the government. and, at the same time, he was in a sense, a spokesman for thing industry but an individual who was the chairman of a large bank then following those criticisms, came all of these charges against jpmorgan chase, which had previously been thought to be one of the healthiest and best-managed banks. so, the worry here is that the lesson that the government is, or the message that the government is sending is that, if you criticize the
freedom. less red tape, less taxes, more money left in detroit. the answer to poverty and unemployment is not another government stimulus. it's simply leaving more money in the hands of those who earned it. today i'm here to introduce something i call economic freedom zones. this is a bill that will be introduced next week in washington. these freedom zones will dramatically reduce tax and red tape so detroit businesses can grow and throb. he called his plan a conservative war on poverty. it's time we revisit some of the ideas of jack kemp and expand upon them. the bill that i will introduce, will introduce power and freedom zone. this political lower personal and corporate income taxes in detroit to 5%. my bill will lower the payroll tax, 2% for the employees, 2% for the employers. economic freedom zones will cut out the red tape that keeps new businesses from starting and old businesses from thriving. inside these ozones will suspend the capital gains tax. we will allow all small businesses to deduct most of what they invest in the first year of purchase. how will this differ from tr
to find violators. what if a president wanted tax cuts that congress would not enact? president george w. bush proposed a reduction in the capital gains rate. have instructed the irs not to tax capital gains at a great greater than 10%? the point is not what you think of president obama's policy decisions. the point is, the president may consistent with the command that he faithfully execute the waiveunilaterally amend, or suspend the law. must resist the delivery pattern of circumventing the legislative branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our abandoned into be favor of an undue concentration of power in the executive branch. warned, theison accumulation of all powers, legislative, executive and hands mayin the same justly be pronounced the very definition of tyranny. i introduced mr. conyers for his opening statement. >> top of the morning to my colleagues. the president's constitutional duty to faithfully execute the would be an important issue worthy of hearing by this was anye if there evidence that the president ha
from the bedroom tax. [shouting] that is not true. will be deputy prime minister apologize and put the record straight? [shouting] >> mr. speaker, the honorable lady talks about standing up to vested interest. this in the week that we discover that the great courage of the labour leadership that stand up for the trade union came after, guess what? guess what? maÑana, montana, maÑana. all too difficult. [shouting] >> order. this house should be the bastion of free speech. neither the deputy prime minister nor the lady must be shouted down and we will keep going with this session as long as it takes for proper order to be absorbed. the deputy prime minister. >> and drink if i may say so it should be the bastion of political parties free of vested interest. and it is high time, it is high time that the labour leadership do what they say and stand up the trade union paymaster. she should stand up to hers. >> harriet harman. >> well, mr. speaker, i suggest that you leave it up to us to worry about our party members, especially -- [shouting] especially as so many of them used to be yea
, by refusing to fine violators? what if they president wanted tax cuts that a president would not enact? to the instrument the irs to decline to enforce the income tax laws? president george w. w. bush proposed unsuccessfully a reduction in the capital gains rate. should he have instead simply instructed the irs not to tax capital gains at a rate greater than 10%? the point is not what you think of any president obama's individual policy decisions. the point is the president may not consistent with the command that he faithfully execute the laws unilaterally amend, way versus and the law. we must resist the president deliver a pattern of circumventing the branch in favor of administrative decision-making. we cannot allow the separation of powers enshrined in our constitution to be abandoned in favor of an undue concentration of power in the executive branch. as james madison warned centuries ago in federalist number 47, the accumulation of all powers, legislative, executive and judiciary in the same hands may justly be pronounced the very definition of tyranny. it is now my pleasure to
that and lowering the corporate tax rate loopholes in a way that would be a better bargain for jobs in this country. to invest in universal prek. e need to continue to do the things that the president has jobs to rd to attract america from overseas and to n ing home jobs from america companies that are located overseas, bring them home to build on those trends. we need to continue to build on the trends, the positive trends we've seen in the manufacturing sector in this country. epresented by the automobile companies but also by host of signs and ive developments in manufacturing. so the president is not the east bit satisfied or complacent with where we are. that's why we really believes that we ought to have a spirited conversation about what are we going to do to reduce an equality. what are they going to do to jobs se the number of overall. but particularly the number of obs that pay a middle class wage and provide middle class security to families across the country. said in that speech that we done with e of this congress and where congress will take move, he action that he can on his own, fu
. in some instances, require you to file an income tax return. is the constitution capable of ignoring both categories of law? said, several times, congressman garrity, -- cannotthe president refuse to enforce a law because the policy reasons. >> the congress decided that if you possess a controlled substance, you get a certain in prison.ime you may or may not like mandatory minimum sentences, what this administration summarily dispensed with that law. my question to you is whether or not the chief executive ken and failed to enforce categories of law that are permissive and mandatory. >> it is established that the executive branch has prosecutors prosecuteretion -- orial discretion. >> can the president -- let's assume that a statute requires you to have two pieces of identification to purchase a firearm, can the chief executive knock it down to one? >> i guess i would -- -- can achieve executive >> can the chief executive knock it down to one form of identification? of limits onare the presidential pardon authority. >> you would say he could question mark >> under the pardon authority, he
an employer mandate penalty or a tax. a critical issue is the definition of employee but equally important is the issue of which and how many employees are it should be to to the business. the answer may be simple for one business with a single owner however when an individual shares ownership of multiple entities or when a business has multiple owners the answer is less clear. today we will examine the process of determining whether businesses are considered single or multiple entities under the health care law, which requires business owners to aggregate employees and could subject the business to the obamacare employer mandate. according to the national federation of independent business, 39% of small businesses with 20 or more employees on at least 10% of one or more other businesses. to determine if the threshold of 50 or more employees has been met with the situations the health care law utilizes the internal revenue service code, controlled group business aggregation rules which are complex and confusing even for most experts. some experts have suggested that most small business own
provide health insurance or pay taxes. this and other subsequently announced the delays do not enforce at all. on the contrary they are merely phasing in the adjustments designed to ensure effective implementation of the statute in accordance with congress purposes. the treasury department announcement makes that clear in the proposed regulations that it has followed through on on september 5 to make that clear as does the treasury statement that it intends to continue fine-tuning those regulations and working with the people affected by them until you become finally effective. and i should emphasize just after the administration took this action, president george w. bush secretary concord the obama administration to delay the mandate was wise. that was based on his experience in phasing in the medicare part d. prescription drug benefit. i have to say hyperventilating about an extraordinary and unprecedented constitutional these delays are is just that. it's contrary to the obvious historical fact. nor is the delay of the employer mandate on the front of the constitution. the framers c
and large the perimeters of the tax and apply it to areas outside the statute contemplated? >> no. >> let me qualify that. this is an abstract question. >> i will give you a chance to respond. you cite bureaucrats in the administration on the president's conduct but you don't cite any quotes for the president himself justified in his conduct and what is interesting in the most recent legislative six for the grandfather plans here is what the president says. already people that predated them can keep the plans they have in place. that was already in the law and that is what was called a grandfather clause that was included in the law. today we are going to extend that principle to people whose plans have changed since the law took effect and people that bought plans since it took effect. in other words, obamacare has a grandfather clause anything after the enactment of obamacare is illegal unless it meets the statutory requirement. with the president is saying as he is extending a grandfather clause to cover plans beyond what the statute contemplates so you think that's appropriate? >> i thin
of child pornography. the lock in some instances require you to file an income tax return. mr. lazarus, is the chief executive constitution capable of ignoring both categories of long? >> well, as i said several times, congressman gowdy, the president cannot refuse to apply or enforce the law for policy reasons. >> well, let's analyze that for a second. congress decided in its collective wisdom that if you possess xml at a controlled stuff as you're going to get x. amount of time in prison. you may like mandatoriness. you may not like them. this administration summarily dispensed with that law. so my question to you again is can the chief executive failed to enforce categories of laws that are both permissive and mandatory. >> it is well-established that the executive branch has prosecutorial discretion. that's a decline in force spendt what are those limits of? >> very frankly, i'm not an expert on that. >> let me ask you this. can the president -- lets us in a statute required you to show two pieces of identification to purchase a farm. can the chief executive knock that down to one?
fleur, commissioner moeller and clark, welcome, happy holidays. i have one question on the tax credit and start with you in the sugar. as you know the next ten years some wind turbine orders will get tax credit hours for every hour they run. this tax credit was designed to kickstart renewables. and yes yet, it lives on the spe way and being a major part of the grid. at least 12% in my state of texas capacity. but some markets have seen prices as low as negative $41 per megawatt hour as operators get the credit and run whether that power is needed or not. granted that is an extreme example, but they can settle a lawsuit taxpayers make them whole. that moves markets back home on the new power construction in texas that public utility commission chairwoman nelson has said and this is a quote for the market distortion is caused by the renewable energy incentives one of the primary causes this distortion makes it difficult for other generation types to cover the cost and discourages investment in the new generati generation. and while the ptc isn't the only driver of the market distortion, it is a s
to have a tax on every model? you have to have a license to use the radio and pay it to the government, and the government runs the government broadcast, the bbc. in america that didn't go down terribly well, so advertising was proposed. there was enormous opposition. oh, no, you're going to clog up radio, we're going to have to listen to ads. it's just like how people reacting to advertising on the internet or advertising on twitter, instagram, this is terrible. this is exactly what happened with radio and, of course, advertising did come in, and it turned out to be the way you sustain that model. so every soap operas and all the other sorts of things. but it's a very familiar debate for those of us who use the internet today. >> host: october 29, 1969, bob taylor, charlie klein and re hard kleinrock. what happened? >> guest: this is turning on the internet. they didn't realize it at the time, but they were establishing the first link in what grew to become the modern internet. and this was an experimental network at the time, and it didn't work. it crashed after two letters. so they
where he has -- he's implementing it in a way such that he is taxing and borrowing and spending over the next ten years. $700 billion that congress never authorized. now he may disagree with my interpretation of the law. i know mr. lazarus does. i know that you and i and mr. lazarus would all agree that a president were trying to tax and borrow and spend them hundred billion dollars without authorization tha that may be impeachable. >> does anybody think that the actions of going into iraq without actual knowledge of weapons of mass destruction or anything else would have been an impeachable offense? esther lazarus, you seem to be nodding. >> this regard the nod. i was very upset about that whether it is an impeachable and the decision congress would have to make. mr. turley? >> the issue does come closest for both president obama and president bush created the reason i do not think that it rises to that level is because iof the court's decisions they have made this feel like such of a mass. first of all, by the judicial and then not reviewing it it's very hard to maintain the offens
. be the grandt lastin that dominated the three or four or five years. they're looking at any tax hikes that have been demanded by democrats. we are looking at tax hikes. they are also not looking at significant cuts to medicare, medicaid, or social security, which are areas republicans say needs to be done. instead we are looking at pretty small things and haggling over whether to have federal employees attribute more to their retirement -- employees contribute more to their retirement plans. they are also looking at things a spectrum that is going to be sold to telephone companies. they are looking at a small budget deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011 as part of a but -- part of a different budget process. host: like can't there right now? caller: --host: why can't there be a grand bargain right now? caller: because republicans and democrats can't agree. all ryan, the chairman of the budget committee, and patty murray decided they were not going to go after the towels of the other party and just try to get something that was poss
their claim that the statute authorizes tax credit through exchanges of established by the federal government under section 1321 or that it was congresses intent for the statute to authorize tax credit through those exchanges. so there's a lot more to be said about all of this. if i make would like to respond to some of -- >> let me cut you off at this point. i only have all bit of time. mr. turley, you mentioned something along the lines of your concern that president obama is becoming the very danger, separation of powers was meant to prevent. and mr. lazarus mentioned earlier that, i don't know exactly who he's referring to, but some are hyperventilating about this whole topic. would you want to comment on both of those things, either in relation to each other or not? >> mr. lazarus maybe responding to my labor breathing with the flu, but if not, my testimony -- the reason i think there's this disconnect in our view, is we obviously read history differently. i view the constitutional convention is quite clear. the framers were students of history, james madison. 150 years before they took
, cut taxes, and brought about fiscal disciplines to state's budgets. in the u.s. senate, he was a leading voice, advocating for fiscal restraint, on government spending. he also worked in a bipartisan manner, something missing right now, to seek consensus on several key issues, including financial services reform and health care. our plenary session will begin with remarks from senator huntsman and senator bayh to be followed by what i'm sure will be a great conversation facilitated by ntsl vice president senator curt scramble from utah, the senator pro tem. however, before we go to the comments, we'd like to share comments on you, the co-chairman that has no labels and governor huntsman. >> this is senator joe manchen, it's my leasure to send greetings to all of you. i regret i cannot join you in person. i send my best wishes for an enjoyable and productive meeting. the strength of legislators rest in your bipartisan efforts and your commitment to serve democrats, republicans, and dependents. it's something that we recognize that we need to work together and put the america
. >> even though i was a texan and energy paid 55 or 60% of the taxes that were paid in texas, we felt that it was a very important and we breathe life into the epa by giving them a role in that act. i'm kind of sorry now that we did because they acted well and we were pleased with what they did and we thought that even though they were energy oriented, that the energy people needed some supervision. but they also needed some help for the federal government couldn't give, so they her despite overregulation and that's what i was asking about i guess. chairwoman, the key goal in the ferc strategic plan, 2009 to 2014 g-golf are the safe, reliable and efficient infrastructure development to integrate the new resources. are you supportive of ferc -- you've been there for three weeks, you said? >> i've been at this job for two weeks. >> you have done it very well. thank you for the answers you've given. are you supportive of ferc blank bill included in this plan? >> yes, i am. it's important -- >> what changes would you consider on this bill? do you have any changes that you would make? .. w
lower our corporate tax rate and eliminate loopholes in a way that would be a better bargain for jobs in this country. we need to invest in universal pre-cash. we need to do the things that the president has put forward to attract jobs from overseas and to bring home jobs from american companies that are located overseas, bring them home to build on those trends. we need to continue to build on the positive trends that we have seen in the manufacturing sector and are of this country, represented by the automobile companies but also by a host of other development in manufacturing. the president is not the least bit satisfied or complacent with where we are. he believes we ought to have a spirited conversation about what are we going to do. what are we going to do to reduce inequality? what are we going to do to reduce -- increase jobs overall, particularly those that provide middle-class security across the country? he said in that speech that he believes that we can get some of this done with congress. where congress refuses to move, he will take action that he can on his own. this is
that would work? >> sure. we have identified grants loans and tax benefits that could be used. let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th percentile. why are we providing tax benefits and that some $7 billion a year to folks in the top income quintile. why is it that mitt romney -- i have three, 529's but why can mitt romney get tax benefits attached to it when he is students need of pell grants? closer to an attack site but i think there are others in the committee's jurisdiction. >> that is an interesting concept and we may follow up with you. the other is financial incentives to borrowers that have ffel loans to get them to convert their de
-time or full-time equivalent employees. to offer health insurance or pay an employer mandate penalty for tax. a critical issue is the definition of employee. but equally important is the issue of which and how many employees are attributed to the business. the answer may be simple for one business with a single owner. however, when an individual share ownership with multiple entity, or when a business has multiple owners, the answer is less clear. today we will exam the process of determining whether businesses are considered single or multiple entities under the health care law. which requires business owners to aggravate employees and could subject a business to the bureaucracy employer mandate. according to the national federation of independent business, 39% of small businesses 20 or more employees own at least 10% of one or more other businesses. to determine if the threshold of 50 or more employees has been met in these situations, the health care law utilizes the internal revenue service code controlled group businessing a gracious rules. which are complex and confusing even for most
also look at closing special interest tax breaks to make sure that everybody is participating in trying to replace the sequester. we all know that the sequester is hurting the economy. the congressional budget office says it will result in 800,000 fewer jobs by this time next year, so we have to fix it, and we have to fix it in a balanced way. you have seen the reports and a lot of you have written about this. the proposals republicans have put forward as part of this income,go after middle middle-class taxpayers, and leave the highfliers alone. do they propose to do, for example? federalpose to go after peoplees, hard-working who have already taken it on the chin in terms of furloughs, the government shutdown and the sequester. want to, apparently, close a single loophole for private corporate jets, but they want to say to the traveling public, you should pay a higher airline passenger fee. we are not saying you cannot consider user fees. we find it odd that they would say they want to use airline passenger fees but not close pirate -- private corporate jet loopholes. at the same time
-- have done in the past in pension and tax and mechanics. can you sort of help explain some of the healthcamechanics a they're different. >> i may yield some of this question to ms. walker. the mechanics are different simply because employers have not done this in the past unless they've offered their retirement plan. in many cases unless they're operating under a safe harbor they may not have done the analysis. in terms of what we're seeing in actual real life, i know there's been discussion of jobs creation and whether employers are hiring or not hiring. i would caution you on the statistics that you hear and answers to surveys. because i know that many of our clients will not answer that question because they have seen the fallout in the industry, whether it's restaurants or other industries, from answering and addressing questions like that. so i don't believe that you're getting a complete picture. >> mr. chairman, one day that might be a complete different hearing. because we had that happen once in arizona where some voluntary surveys that were filled out turned out t
was a texan and believed in energy and energy paid 55% are 65% of the taxes on it was paid in texas. we felt it was very important and we breathe life into the epa by giving them a role in that act. i'm kind of sorry now we did because they acted well then can they please with what they did and without even though we were energy oriented, that the energy people needed supervision, but they also needed help the federal government can give. so they now heard us by overregulation. that's what i was asking you about i guess. acting chairwoman, the key goal in ferc strategic plan, 2009 to 2014 cars safe and reliable infrastructure development to integrate the resources. are supported by ferc's -- have you been there three weeks eisai? >> i've been here three and a half years. i've only been in this job two weeks. >> well, you are doing very well. i thank you for the answers you get in. very supportive of ferc schools included in this plan? >> yes, i am. >> what changes would you consider on the school? to have any changes you make? maybe you haven't had time. the other gentleman made. >> when i l
prominent, taxes were slashed for the wealthiest, while investments in things that make us all richer, like schools and infrastructure, were allowed to wither. and for a certain period of time, we could ignore this weakening economic foundation, in part because more families were relying on two earners as women entered the workforce. we took on more debt financed by a juiced-up housing market. but when the music stopped, and the crisis hit, millions of families were stripped of whatever cushion they had left. and the result is an economy that's become profoundly unequal, and families that are more insecure. i'll just give you a few statistics. since 1979, when i graduated from high school, our productivity is up by more than 90%, but the income of the typical family has increased by less than 8%. since 1979, our economy has more than doubled in size, but most of that growth has flowed to a fortunate few. the top 10% no longer takes in one-third of our income -- it now takes half. whereas in the past, the average ceo made about 20 to 30 times the income of the average worker, today's ceo now
would have to work 75 hours a week to have the after-tax income that this company thought was basic to a family budget, 75 hours a week. low wages aren't a problem just in the fast food industry. i don't want to just pick on wal-mart and mcdonald's. it's catching up in many other traditional jobs that used to be able to support a family. there may be fewer, better examples of this than in the banking sector. the banking industry in america last year posted $141.3 billion in profits. the median executive pay in the banking industry in america is $552,000 a year. and yet, a recent report found that 39% of bank tellers in the state of new york are on public assistance. low-wage worker is just not enough to get by. working 40 hours a week at 7.25 translates into $15,080 a year. that's about $400 less than the federal poverty level guidelines for a family of two. if you accept the sample budget that we've talked about, a worker making the minimum wage would have to work 75 hours a week to have the after-tax income necessary to make ends meet. working 75 hours a week at a minimum wage wit
bargain -- >> it will not be the grand bargain. they will be looking at tax hikes, but not looking at significant cuts to medicare, medicaid, or for social security, which are areas republicans say need something to be done. they are looking at a pretty small thing, over whether to have a federal employees contribute more to their retirement plans. democrats are trying to keep them lower than republicans. getting looking at funds by selling a spectrum that will be sold to telephone companies. they are looking at a small touch deal that would replace some of the sequester, the automatic spending cuts that were launched in 2011. that was part of a different edge process. host: why can't there be such an desk something like a grand bargain? guest: the two parties can agree. are not willing to cut medicaid, and republicans are not willing to do tax hikes. paul ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they were just going to it something that was possible, and they decided by looking at all these failed attempts in t
going is we are very dependent on property taxes. beyond the cost sharing dollars, everything else is robert e taxes. those are not growing anymore. they are forced to find ways to save money and to work together. i think the folks who believe this are looking at how do you support education? it is going to drive education. >> as far as funding in education, doesn't look like it is going to be flat, down, up? >> it's a little early to tell. this has been the slowest recovery from a recession in the post-world war ii era. to folks in washington seem put the brakes on the economy every six months or so, so they are not helpful with respect to real growth in the economy. i think americans will put more money in education when it is doing better. havenk they are going to bigger pressures. legalf course you have reform. education fornd every child. allowed for the growth education, overseeing kids in% of the districts they would already be attending. that is a solution. >> inc. you, governor. i am a senior adviser to the education foundation. you imply we know what works, at there seems
are that in recent years the gap between the premiums into payroll taxes going in is $300 billion. >> that is a cash flow deficit. we get 10,000 beneficiaries every day and the absence of general reform that allow people to get the care that they need and deserve and abby slover cost growth it will fall under its own financial weight. >> for the secretary to affirm, $500 billion that isn't really chump change in the big picture of health care costs. i am getting comments from constituents in the district who medicare advantage folks now their benefits are being reduced. they are losing access to their preferred physicians. this is under the current system now. my question is how much worse can this get for my seniors who opt out for medicare advantage? again if the strategy for controlling costs is a traditional one of just cutting the provider members and whether its doctors, hospitals, it will backfire. that approach without reform that gives you the prevention and coordination and the better care congress ends up having to put the money back in because you haven't solved the problem. to not put t
of this is that we are very dependent on property taxes so beyond the education cost-sharing dollars that the state distributes everything else is basically tied to local property taxes. those bases aren't growing anymore so p. shuler -- people are forced to work together and i think the folks that will leave this discussion are actually in the communities right now looking at how do you continue to support education when your list is not growing. it will drive innovation. >> as far as funding for education over say the next five years doesn't look like it's going to be flat or will it be down or will it be a? >> i think it's a little early to tell. this is the slowest recovery from a recession in the post world war ii era and i am visiting you here in washington but the folks in washington seem to put the brakes on the economy every six months or so. or even more often than not. they are not helping and with first act to growth in the economy. i think that americans will put more money into education and the economy is doing better or when they confront the fact that the funding education is actua
and get our economy moving again. he talked about three things. expand access, provide refundable tax cut its, and extend unemployment benefits. at was the way to get us back on track. today, we will hear from a panel who will explain unemployment insurance and families and the american economy and why it's imperative for this congress to move and act before the year ends. thank you, madam leader. >> we are going to go to introduction of the witnesses. i'm going to start with ms. was come into has been executive director of the law project since january 2, 2008. she has worked at the afl-cio, she is focused on minimum wage, living wage, pay equity for women. many issues we are pursuing around this country through our membership. we want to introduce each of the witnesses first or do we want to have them testify one at a time? >> we would ask you to make your statement brief so we can get to all the witnesses. >> we really appreciate the committee holding this important hearing today on what is an urgent matter for millions of americans. who will lose their unemployment benefits over the h
levels and maybe even the year after that. revenue that are not new taxes. we will see discussions about moving forward to get them over the last little bit. pelosi is insisting unemployment benefits need to be part of the discussion. >> the extension has allowed people to receive benefits for 18 months and expires the week after christmas. pelosi wanted to see that extended another year. it is pressing very hard for . speaker boehner has left the door open and said he would be open to having another extension. there are no real repercussions immediately. they will have defined some other way to keep government funded. they could reach a deal next week, like a race between the farm bill and a budget committee and conference committee trying to get something done. it will take a lot to bring people together to try to find the votes necessary to pass it. >> just before the thanksgiving break, the senate was working on the defense authorization bill. our those going? >> they thought they were going to vote in the senate. it could drag into the new year. >> with the filibuster rules changed
dominated discussions. negotiators are looking at any tax hikes. they're also not looking at significant cuts to medicare, medicaid or social security. instead of looking at small is more to their retirement plans. they're trying to keep that a bit lower. they're also looking at funds by selling a spectrum. looking at a small budget deal. this is part of a different budget process. >> why can there be something like a grand bargain right now? democrats are not willing to do any kind of medicare and medicaid. republicans are not willing to do any tax hikes. ryan and patty murray basically decided that they were not going to go after the sacred cow of the other party. they are trying to get something that was possible. we are not even going to go there this time. host: talking with ian swanson of "the hill." even if there is a agreement made this week, there will be a budget battle for 2014. caller: one thing this he'll will not do is raise the debt ceiling. at some point next year they are going to have to do that. it is a little difficult to forecast exactly one that is going to be. in p
was to have to and havemy retirement 30% of that tax, and then taxed again. and just pray that my tenacity would get me there. ,he a and -- the anxiety level i cannot even explain to you the insomnia, the tears, the mood swings, the ups, the downs. it ranks with me as one of the five most tragic things to have ever happened in my life. does to you emotionally and psychologically, you feel like hester prynne with you areer a when jobless for very long. you soon become a member of the lost world. people look at you when you do not have a job yet like there is something wrong with you. that is where i have been. >> thank you. [indiscernible] you, madam chair. i have no questions, but i would like to let you all know that it is for a timeframe about three months i was unemployed. this was back many years ago. school -- it was summer break. i mean, i'm used to working. but i could not find a job that summer. the whole summer. i'm sure that your feelings about being unemployed and searching for work and being unable to find anything, you know, the effect that has on you very -- youjust would not
list that we just had to get done. the tax code had to work. education has to work. you had to have a electric regulatory system that worked. you have had to be fast on the dime in working with the private sector because they could take their in investment real fast. so we had our own little strategy. what is the strategy for hawaii? what is it that you must get right to survive in the 21st century and that defines what you are able to did with your legislatived about did i ann if you feigned yourself in a minority meteorologist. position. >> are you the many many republican? >> seven out of 51 in the huhs. we are 8 out of 76. those were the numbers. >> representative, we were trying to change your dynamic. >> there is a saying in the house that the other political party is the opposition. but the enemy, the enemy is the senate. so i guess we temporarily lumped you in with the enemy. we are sorry about that. sounds like your side emphasizes quality, not quantity in the state legislature so i would take the approach, my state is a more republican state altogether. i used to tell my f
the entire financial system or leave taxpayers at risk. dodd-frank prohibits the use of tax dollars. useequires that we will and the tools that the law provides. the largest financial companies have already submitted living wills or blueprints for how to unwind firms if they fail. regulators will require firms to rework these plans if they are not credible. if firms are not able to provide a credible plan, regulators can impose remedies, including requiring firms to divest or realign their businesses. -- realtors have ade clear -- and they are continuing to develop strategies and guidance for resolving major institutions with minimum disruption to the financial system. there is still more work to do, particularly to make sure that international rules mess with our own sins, as we know too well, financial crises do not respect national borders. while we will not know how well these tools work for certain until they are tested by a true crisis, several things are clear. dodd-frank ended too big to fail as a matter of law. tough rules are now in place to make sure that banks have the c
. they are refusing to consider thawing out new york state taxes on websites like amazon.com. the law forces them to remit sales tax. another division related to the health care law -- the justices are leaving in place a federal appeals ruling dismissing a suit from liberty university challenging a portion of the law that requires most employees to provide health insurance to their employees. on the fed page in the washington post, the supreme court is lacking cases to consider. instead of the usual 12 cases it has been hearing in recent years, the justices have only seven scheduled for the february sitting. it is a diminished pocket on the court. so far, justices have found fewer cases than usual worthy of receiving full re- think and oral argument. you can read the rest that art -- article in the washington post today. 1974, the vice president was sworn in as the president of the united states. this is what she was wearing during the swearing-in ceremony. she was less than excited about becoming a first lady. president ford encouraged her and said we can do this. she resolved that if she was go
these years i spent a lot of your tax money to keep half of the 40,000 russians involved in biological works employed so they don't work for somebody else. that was a good expenditure of your tax money. all that had to be considered. finally we made the unequivocal polls statement by saving the largest community of muslims in europe that we were not anti-islamic country. that america would take a serious risk to keep in is the muslims from being killed. in the woodwork with a and support any population then renounced terror to embrace reconciliation and cooperation. we tried to do this all the ones you can see how a important intelligence was. we had to know how much change. we had to know how reliable the interest to move the nuclear weapons all this while knowing everything in bosnia. we had to do the right things in bosnia and in the right way. i cannot say enough about the intelligence apparatus to give us tightly, the quicker and more accurate reports than what was going on in in bosnia and then with the balkan task force the cia the nsa the joint chiefs of staff were being together. ch
spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we are getting there. we want to have this agreement be a part of what can further support economic growth and job creation. sequester, replace which are cuts to discretionary , replace that with longer-term issues. we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats -- no wa
the promulgation of any rule enact of carbon tax in the future? >> say again? >> do you see the promise promulgation enact a carbon tax for this country in the future? if only if congress provides that mechanism. no. okay. >> mr. chairman, i can't get my questions answered. i guess i'm pretty much finished and yield back. >> thank you. i don't believe we have any other members for the questions. administrator mccarthy. thank you for your presence today. we may have additional questions that would be submitted to you in writing. we hope you will reply in a next couple of weeks. >> i didn't mean, can i ask you one favor? >> i know we ask you a lot of information about the subpoena issues. i want to make sure we understood one another. if we meet after ward. i want to make sure i gave perfectly correct answers our expectations are the same on what you're looking for and whether or not we've complied with that and with a you're looking for next. i want to be very respectful you and the wishes of this -- >> thank you. you will. i'm somewhat encourage bid your answers today. ly hope you will
. in this includes the tax benefits markedly and this has been a laudable accomplishment. but it also increases the income level at which people can get these american opportunity tax credit all the way up to $180,000. we ran from the 80th percentile to the 95th percentile. .. >> leslie one of you mentioned the cost of books for students. we filed some legislation trying to get the textbook materials more accessible to online to reduce the cost. can anyone speak to the cost of high textbooks? >> acosta of textbooks definitely has increased over the last number of years and goes up every year. most institutions that i am familiar with have a variety of ways that students can get those books. we implemented a program they kiev rent the textbooks so we always have the buyback provision to bring them back at the end of the semester. they can read to them. they have the opportunity to purchase a textbook as a nod to college provider right now what we have not been able to solve is the community college students who want to buy books electronically ian to provide them money up front so they can get t
tired as an american seeing my tax dollars going to a rich man and a small child does without. you say he or she is obese. children eat rice, beans, spaghetti. shame on you. you should be a christian american. idol this meshes goes out -- out.ope this message goes now i see rich, white man act like you. shame on you. host: let's get a response. guest: i appreciate the comments. she wants to make sure these families that are in need will get the benefits. that is a lot of families are struggling and they are paying their taxes. they ask to make sure that people qualify for the benefits. the farm bill is basically a safety net for adverse weather conditions. there are some things that happened to farmers that are not under their control. many of the farmers are just farm families, second and third generation. is big business. host: you have more family farms than big business forms? guest: oh, yes. they are determined to do business as a corporation. when you come to my district, you find people farming and a lot of acres. but that is generally a farm family. a husband and wife and maybe
-lugar bill we helped to control that. and during all these years, by the way, i spent a lot of your tax money to keep about half of the 40,000 russians involved in nuclear, chemical and biological work employed so they wouldn't go to work for a long -- [inaudible] all that had to be considered in the context of bosnia. and finally, we made an unequivocal statement by saving the largest community of muslims in continental europe that we were not an anti-islamic country, that america would take serious risks to keep innocent muslims from being killed. and that we would work with and support any islamic population that renounced terror and embraced reconciliation and cooperation. we were trying to do all this at once. thousand, you can readily -- now, you can readily see how important intelligence is. we had to know how much change yeltsin could absorb. we had to know how reliable the efforts to move the nuclear weapons out of these other countries back into russia was. be -- all this while dealing with everything we had to know in boss my ya. bosnia. and we had to do the right things in bosnia
that were included in the ryan budget but the republicans wanted to give tax breaks to millionaires. a couple of questions. the implication by my colleague, dr. burgess was changes that would eliminate and narrow networks are caused by the affordable care act. and i'm just wondering in your research, i know with part d it's important to check every year to make sure that the formulary is the same. with medicare advantage, aren't changes likely in the network or something prior to the affordable care act as well? >> yes, i think there is a lot of volitility in this private marketplace swems in the part d marketplace. so every year we are very clear with beneficiaries if they have a part d plan they need to check that coverage because the formularies change every year and provider networks change every year. and it not just the plan that drives changes, providers also decide to leave the network or to no longer be involved. >> but this is not new? >> no, this is an inherent part of the medicare plan that was around in the mid 190eu's and before. this is an ongoing issue, this instabil
parliamentary debate, but otherwise what we have seen, even there, was a tax on "the guardian" rather than parliament trying to work out what the rules ought to be. why do you think that is the? >> shooting the messenger is the oldest diversionary trick in the book i can explain why some people have not taken interest in this. might experience is that when you speak to people about and explained issues, a deeply interested in it. and as you say in terms of the broader debate, i can't think of a story in recent times, i don't think of any store in times that has ricocheted around the world like this has and which has been more broadly debated in parliament, in the courts and among ngos. roll call of people who have said that there needs to be a debate about this include, i count, three presidents of nested, two vice presidents, generals, the security chiefs in the u.s. are all saying, this is a debate that inner suspect we know that we have to have. to our members of the house of lords, people who have been charged with oversight of security measures here, the former chairman of the ifc, to
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